4 thoughts on “Economic crisis, capitalism criticized

  1. Support U.E. Workers—Protest Wells Fargo

    The Bail Out the People Movement is urging everyone to show support for the United Electrical (UE) union workers who are fighting to save their jobs. Once again they are up against the big banks. On Tues., June 23, there will be a national day of protest at Wells Fargo offices across the country.

    In addition, Wells Fargo has been sued by the City of Baltimore for targeting the Black community in the sale of sub-prime mortgage loans which have increased the foreclosure rate and devastated the community.

    Join the protests below or organize one at your nearest Wells Fargo office.

    Below is a message from the union:

    UE MEMBERS NEED OUR HELP

    WELLS FARGO BANK – ROADBLOCK TO RECOVERY

    Please take action to assist the sisters and brothers of UE Local 1174 now battling to save their jobs at Quad City Die Casting company in Moline, Illinois. The giant Wells Fargo bank has cut off the line of credit to the company, despite taking more than $25 billion in taxpayer bailout monies. As a result, after more than 60 years of operation, the company may be forced to liquidate. Please take a moment to visit the web pages at http://www.ueillinois.org and http://www.ueunion.org which contain background information and updates.

    On Tuesday, June 23rd, demonstrations and actions in support of these UE members will take place in these and other cities across the country: Baltimore, Boston, Cedar Rapids, Charleston, Chicago, Los Angeles, New Haven, New York, Philadelphia, Pittsburgh, Raleigh, Salt Lake City, Costa Mesa, as well as Atlanta, Denver, Erie, LaCrosse, Orlando, Portland, and Washington, DC.

    See the full list with contact information at
    http://www.ueillinois.org/civicrm/event/info?reset=1&id=2

    Send a message to Congress in support of the Local 1174 members at
    http://www.ueunion.org/ue_qc_main.html

    Thanks for your support, and please visit the Web page for updates and news of this important struggle to break through the Wells Fargo Roadblock to Recovery.

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  2. Activists launch RBS lawsuit

    Environment: Three environmental groups have launched a High Court lawsuit against the Treasury in a bid to prevent taxpayers’ money pumped into Royal Bank of Scotland being invested in projects linked to climate change.

    The World Development Movement, Platform and People and Planet claim that the government has breached its own policy to reduce carbon emissions by using public funds to bail out RBS, which previously marketed itself as “the oil and gas bank.”

    According to the campaigners, the bank – now 70 per cent publicly owned – has contributed to loans to coal, oil and gas companies worth an estimated £10 billion since it was bailed out in October 2008.

    http://www.morningstaronline.co.uk/index.php/britain/news_in_brief__27

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  3. Pingback: Recession fuels domestic violence | Dear Kitty. Some blog

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